Multifamily
1224 Wilcox Avenue
1224 Wilcox Ave, Hollywood, CA 90038
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to present 1224 N Wilcox Avenue, a three-unit multifamily property located in the heart of Hollywood’s Transit-Oriented Core. Positioned within a TOC Tier 3 zone and surrounded by major employment, transit, and entertainment hubs, the property offers investors a well maintained, low-intensity asset with light value-add potential and stable cash flow in one of Los Angeles’s most consistently rented submarkets.
Built in 1932 and 1961, the property comprises two detached structures totaling 2,038 square feet on a 4,740-square-foot RD1.5-1XL lot. The front duplex includes two one-bedroom, one bath units, while the rear standalone house features a three bedroom, two-bath layout—ideal for owner-occupancy or premium rental positioning. All three units are individually metered, RSO-subject, and currently occupied, providing reliable in-place income and approximately 14 percent upside in rents through natural turnover and light cosmetic upgrades.
Recent capital work includes a complete roof replacement (2019, finaled permit), providing peace of mind for long-term ownership. The property shows no deferred maintenance, is not subject to seismic retrofit, and sits outside all major hazard zones including flood, fire, and methane. With no open code violations and strong zoning fundamentals, 1224 N Wilcox presents an ideal first-time or exchange investment that combines stable returns, zoning flexibility, and long-term land security.
Located one block north of Fountain Avenue, the property benefits from exceptional access to US-101, Metro transit lines, and neighborhood amenities including the Hollywood Recreation Center, Netflix Studios, and Kaiser Permanente Medical Center. Investors can expect steady occupancy, consistent rent growth, and future appreciation supported by Hollywood’s continued revitalization and constrained multifamily supply.
1224 Wilcox Avenue
Investment Highlights
- Stabilized Triplex in Prime Hollywood Fully occupied three-unit property offering dependable cash flow and low management intensity.
- Recent Roof Replacement (2019) Finaled permit for Class A/B Cool Roof installation ensures reduced deferred maintenance exposure.
- Light Value-Add Opportunity with 14 Percent Rent Upside Below-market rents allow for measured income growth through natural turnover and minor interior upgrades.
- Cheapest 3-Unit Property in 90038 Zip Code Among all active listings in the 90038 market area, 1224 N Wilcox represents the lowest price point for a triplex, offering best-in-class value per unit and per square foot.
- Exceptional Transit & Amenity Access Within a half-mile of Metro lines, Hollywood Recreation Center, and major employment corridors.
- Ideal for First-Time Investors Low price point, simple operations, and strong land basis in a core infill location.
Exclusively Listed By
Financing By
Listing Price: $1,100,000
Investment Highlights
- Stabilized Triplex in Prime Hollywood Fully occupied three-unit property offering dependable cash flow and low management intensity.
- Recent Roof Replacement (2019) Finaled permit for Class A/B Cool Roof installation ensures reduced deferred maintenance exposure.
- Light Value-Add Opportunity with 14 Percent Rent Upside Below-market rents allow for measured income growth through natural turnover and minor interior upgrades.
- Cheapest 3-Unit Property in 90038 Zip Code Among all active listings in the 90038 market area, 1224 N Wilcox represents the lowest price point for a triplex, offering best-in-class value per unit and per square foot.
- Exceptional Transit & Amenity Access Within a half-mile of Metro lines, Hollywood Recreation Center, and major employment corridors.
- Ideal for First-Time Investors Low price point, simple operations, and strong land basis in a core infill location.
Investment Overview
Marcus & Millichap is pleased to present 1224 N Wilcox Avenue, a three-unit multifamily property located in the heart of Hollywood’s Transit-Oriented Core. Positioned within a TOC Tier 3 zone and surrounded by major employment, transit, and entertainment hubs, the property offers investors a well maintained, low-intensity asset with light value-add potential and stable cash flow in one of Los Angeles’s most consistently rented submarkets. Built in 1932 and 1961, the property comprises two detached structures totaling 2,038 square feet on a 4,740-square-foot RD1.5-1XL lot. The front duplex includes two one-bedroom, one bath units, while the rear standalone house features a three bedroom, two-bath layout—ideal for owner-occupancy or premium rental positioning. All three units are individually metered, RSO-subject, and currently occupied, providing reliable in-place income and approximately 14 percent upside in rents through natural turnover and light cosmetic upgrades. Recent capital work includes a complete roof replacement (2019, finaled permit), providing peace of mind for long-term ownership. The property shows no deferred maintenance, is not subject to seismic retrofit, and sits outside all major hazard zones including flood, fire, and methane. With no open code violations and strong zoning fundamentals, 1224 N Wilcox presents an ideal first-time or exchange investment that combines stable returns, zoning flexibility, and long-term land security. Located one block north of Fountain Avenue, the property benefits from exceptional access to US-101, Metro transit lines, and neighborhood amenities including the Hollywood Recreation Center, Netflix Studios, and Kaiser Permanente Medical Center. Investors can expect steady occupancy, consistent rent growth, and future appreciation supported by Hollywood’s continued revitalization and constrained multifamily supply.
Exclusively Listed By
Financing By
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